IMF Adjustment Programmes and Developing Economies

Over the years, the most controversial aspect of the IMF?s relationship with its members has been the conditionality?the terms on which the Fund?s resources become available to its members. Hence, analysis of contents of the programmes and assessment of macroeconomic performance of developing countries under these programmes becomes interesting and important. This is the subject-matter of this book. Six countries, viz. Morocco, Ghana, Chile, Mexico, India, and Bangladesh have been included in this study which covers the period from 1975 to 2002.